Monday September 06 , 2010

Buying a Florida Business

Buying A Business? We Can Help!

The vast majority of all business buyers are first time buyers, unprepared to meet the complexities of a business acquisition. However, whether you are considering your first acquisition or are a seasoned investor, you can look to Corporate Investment Business Brokers for assistance in every phase of the transaction.

The following summarizes the key elements of the business acquisition process as professionally conducted by your Corporate Investment Business Broker.

Initial Meeting - Objectives, Needs and Requirements Review

In preparation for this initial meeting with your Corporate Investment Business Broker, the business buyer should complete our Buyer Response Form. By completing the form, you will send an email to us with the information provided or you can print the confirmation page and fax it to us. This, along with subsequent discussion relating to your personal goals and objectives, will provide an adequate starting point to begin a detailed search of Corporate Investment's large listing inventory in order to develop a selection of "target" businesses for your review.

Immigration Services

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Review of Acquisition Alternatives

This is where Corporate Investment's professional edge can really make a difference in a successful acquisition. We will make every effort to provide you with pertinent information on a target company's financial performance, staffing, facilities, equipment, lease, inventory, customers and market areas served. In most cases we will have tax returns, customer lists, etc. for confirmation. Where we cannot provide verification of information given to us, we will advise you accordingly.

When the various business names are disclosed, you will be required to sign a standard Confidentiality/Disclosure form which, in most cases, is required by the business owner.

On Location Visit

Arrangements will be made to visit the target business(es), normally, at a time that will not disrupt operations, in order to maintain confidentiality.

At this meeting with the business owner, the potential buyer can not only see the business in operation but also ask detailed questions regarding the operation of the business.

Purchase and Sale Agreement

Corporate Investment Business Brokers provides a standard Purchase and Sale Agreement that covers the necessary elements of a business sale. The basic agreement provides important contingencies to protect both Buyer and Seller as follows:

  • Books and Records Review: The Agreement specifically calls for a complete review (due diligence) of all company records by Buyer and/or Buyer's agent, CPA or accountant. The Buyer must approve, in writing, the records of the company before proceeding toward a closing.
  • Lease: The Agreement specifies that the leasehold rights will be assigned, or a new lease developed, in the exact manner as requested by the buyer.
  • Equipment and Fixtures: The Agreement specifies that all equipment and fixtures will be in working order and free of liens at the time of closing.
  • Inventory: The Agreement specifies that all inventory included in the sale is saleable and consists of the necessary quantity and quality to conduct the business in the usual manner.
  • Training and Counsel: The Agreement provides for training and consultation, at no charge, by the seller for the buyer's benefit.


Structuring the Sale

Of all the elements composing a business sale, deal structuring is the most difficult and least understood by the layman. The options are limitless, ranging from simple stock or asset sales, to partnerships, joint ventures, etc.

Your Corporate Investment Business Broker will discuss deal structures with you and recommend the most favorable arrangements for both parties.

Preparation of Closing Documents

Corporate Investment Business Brokers employs the same sophistication on a $100,000 sale that it applies to a $10 million sale. We prepare clear, concise documents to protect both parties and consult with accountants and attorneys to provide an agreement of sale based on practical application of legal and tax issues.

Final Closing and Follow-Up

Following execution of the Purchase of Sale Agreement, we will arrange for a closing agent, oversee the closing preparations, and follow-up on post-closing procedures. All closing documents are provided to Buyer and Seller prior to closing with adequate time for review by their prospective attorneys. Business Sale closing costs are quite reasonable and usually split between Buyer and Seller, and the seller is responsible for the Brokers Fee.

We invite you to mail, fax or E-Mail our Buyer Response Form (along with any listings selected) to get your search process started.




What Clients are Saying...

“I can honestly say that your efforts and professional abilities as a business broker far exceeded my expectations.  You had the business under a Contract of Sale within 7 weeks of my listing date is a further testament of your ability as a broker. ”

Gene – Medical Equip. Co.

“As you know, we had listed the business with another broker prior to Corporate   Investment. The other broker made us a lot of promises.  He never delivered on any of them.  You told us that things would be different with you and they truly were.  You prepared a marketing plan, stuck to it and delivered the results that we were looking for.”

Steve – Restaurant/Bar

“Mr. Settle and his partners and staff at Corporate Investment are thoroughly professional and confidential and they absolutely excel at what they do.  I would highly recommend them to business buyers and sellers alike.   I have engaged Mr. Settle and Corporate Investment twice in the last two years to sell my businesses and could not be happier with their performance.”

Darren – Gas Station/C-Store & Landscaping Businesses

“Corporate Investment has successfully brokered the sale of four of my businesses.  They are able to maintain confidentiality while reaching a wide array of buyer prospects.

Brian – Multi Store Retailer

“Our restaurant has been listed with another broker before we engaged Corporate Investment.  Through their network of contacts, they found us a cash buyer from Switzerland.”

Bhish – Restaurant

“The merger of my manufacturing company with a $3 billion global corporation was handled in a timely and efficient manner.  The transaction was both professionally and financially rewarding.”

Charles-Wood Products Mfr

“Corporate Investment put forth an extraordinary effort in the selling of my business.  The transaction was accomplished with the most sincere confidentiality/professionalism as anyone could expect.”

Rod – Print Shop

“I wanted to convey my sincere gratitude for the service you provided to me and my company during the selling process.  I feel quite fortunate to have found you and your company.  You grasped the concept of my complex business and promoted it most effectively, producing several interested potential buyers. It was nice to feel I always had a guy fighting for me in my corner, thanks again.

Larry – Inspection Service

 

 

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